Wall Street regained some optimism on Monday, as Nvidia (NVDA) and Alphabet (GOOGL) rallied. Traders also patiently awaited the Federal Open Market Committee's (FOMC) two-day meeting, which kicks off tomorrow and will bring the central bank's interest rate decision on Wednesday. Amid this anticipation, the Dow added 75 points, while the S&P 500 and Nasdaq snapped three-day losing streaks.

OIL EDGED HIGHER ON RUSSIA-UKRAINE CONFLICT

Oil prices hit their highest level in more than four months on Monday, following news that Ukraine's continued attacks on Russia's energy facilities may have impacted its refining capacity. April-dated West Texas Intermediate (WTI) added $1.68, or 1.8%, to settle at $per barrel on the day.

Gold prices settled higher as well, as traders eyed the Federal Reserve's interest rate decision. April-dated gold rose $2.80, or 0.1%, to settle at $2,164.30 per ounce on the day.

More By This Author: